Builders Mutual Insurance and its subsidiary, Builders Premier, have agreed to pay a $39,000 penalty after a North Carolina market conduct examination again found issues with producer licensing, nonrenewals and subrogation recoveries. The Raleigh-based Builders already has issued small refunds …
NCDOI Fines Builders Mutual for Repeat Violations in Commercial Auto Read More »
CFC said it has extended the benefits of its new Cyber Proactive Response (CPR) coverage to existing policies tailored for the digital health, fintech, and technology sectors, effective immediately. “Each of these sectors is a prime target for cybercriminals due …
Markets/Coverages: CFC Adds Cyber Proactive Response to More Industry Products Read More »
A small plane crashed into a San Diego neighborhood during foggy weather early Thursday, setting about 15 homes on fire as well as vehicles, and forcing evacuations along several blocks, authorities said. “We have jet fuel all over the place,” …
Plane Crashes into San Diego Neighborhood, Setting Homes And Vehicles on Fire Read More »
A federal bankruptcy judge in Connecticut has approved a clergy sex abuse settlement between the Catholic Diocese of Norwich and creditors and survivors that includes a $31 million fund to compensate victims. The plan seeks to provide recovery to those …
Bankruptcy Judge Approves Norwich Diocese Plan With $31 Million for Abuse Survivors Read More »
Major airline CEOs on Wednesday called on Congress to approve billions of dollars in funding to modernize the United States’ aging air traffic control system, saying it is “failing Americans.” The Federal Aviation Administration’s air traffic control network’s woes have …
Air Traffic Control System Failing Americans, Airline CEOs Say Read More »
Thames Water tops a list of water companies under criminal investigation for pollution by the UK government, a move that could complicate efforts to turn around the beleaguered British utility. The firm, which serves about a quarter of the UK, …
Thames Water Tops List of Firms Facing Criminal Probes Over Pollution Read More »
Climeworks AG is laying off 106 people, as startups that aim to reverse global warming face a reckoning with the US government slashing climate incentives and programs. The Swiss startup was one of the first companies to develop direct-air capture …
Climeworks Is Cutting 22% of Staff as US Climate Backlash Hits Carbon Removal Read More »
Aircraft lessor SMBC Aviation Capital has booked a further $654 million in proceeds from insurance settlements over the past year related to jets stranded in Russia following Western sanctions, the Irish-headquartered company said on Thursday. That brought SMBC’s total recoveries …
Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B Read More »
Cyber insurers are offering tools that could significantly reduce your identity risk—but most organizations aren’t using them. One of the most significant advancements in the sector is the increased emphasis on loss control services. These services are designed to mitigate …
Viewpoint: Loss Control Services Are Underused Tools to Reduce Identity Security Risk Read More »
Russia will defend its vessels in the Baltic Sea by all legal means, the Kremlin said, days after briefly deploying a fighter jet as Estonian officials tried to halt a so-called shadow fleet tanker in their economic zone. “A fairly …
Kremlin Vows to Defend Its Ships in the Baltic by All Legal Ways Read More »
